UK SME loans: banks are guaranteed trouble in their push for home rule

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/8e73232c-878c-49d4-bfbc-55f19c185603

Bankers, according to an age-old gripe, are fair weather friends. Money lent in sunshine is reclaimed when it rains. Worse, lenders can inflict devastating personal misery if a loan backed by a personal guarantee turns sour. The scope for abuse has prompted a small business lobby group to file a “super-complaint” to the UK’s financial regulator. The Federation of Small Businesses wants action against banks that make excessive demands on small companies to provide personal guarantees. 

https://www.ft.com/content/8e73232c-878c-49d4-bfbc-55f19c185603
Scroll to Top